Which of the following statements regarding growing annuities is FALSE?
A) A growing annuity is a stream of N growing cash flows, paid at regular intervals.
B) We assume that g < r when using the growing annuity formula.
C) PV of a growing annuity = C ×
D) A growing annuity is like a growing perpetuity that never comes to an end.
Answer: D) An annuity does end.